MIRA
INFORM REPORT
|
Report Date : |
04.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
METALIC
IMPRESSIONS INDIA PRIVATE LIMITED |
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Registered Office : |
D-70,
Fateh Nagar, New Delhi - 110 018 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
28.01.1998 |
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Com. Reg. No.: |
55-91955 |
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CIN No.: [Company
Identification No.] |
U21019DL1998PTC091955 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELM09451B |
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PAN No.: [Permanent
Account No.] |
AABCM8234G |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturers of Printed and Diamond Cut Labels, Forged Monograms, Fascia Panels, Heat Sinks, Speaker Grill for Home Appliances and Automotive Industries |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
30000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well – established company having satisfactory track. Trade relations
are fair. General financial position is satisfactory. Payments are correct
and as per commitments. The
company can be considered good for any normal business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
D-70,
Fateh Nagar, New Delhi - 110 018 |
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E-Mail : |
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Office/Factory
: |
A-24/1, Naraina Industrial Area,
Phase-I, New Delhi 110028 |
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Tel.
No.: |
91-11-6545 7221, 4141 0311 |
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Mobile No.: |
91-98110 73132, 98100 89488 |
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Fax
No.: |
91-11-4141 0310 |
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E-Mail
: |
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Area : |
12,000
Sq. ft. approx |
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Location : |
Owned
(Industrial) |
DIRECTORS
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Name : |
Mr.
Satinder Pal Singh Kalra |
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Designation : |
Managing
Director |
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Address : |
D-70,
Fateh Nagar, New Delhi - 110 018 |
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Date of Birth/Age : |
10.06.1955 |
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Date of Appointment : |
28.01.1998 |
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Name : |
Mr.
Harinder Kaur Kalra |
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Designation : |
Director |
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Address : |
D-70,
Fateh Nagar, New Delhi - 110 018 |
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Date of Birth/Age : |
05.06.1960 |
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Date of Appointment : |
28.01.1998 |
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Name : |
Mr.
Saranjit Singh Kalra |
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Designation : |
Head- Marketing |
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Address : |
D-70,
Fateh Nagar, New Delhi - 110 018 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mr. Satinder Pal Singh Kalra |
11,520 |
58.42 |
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Mr. Harinder Kaur Kalra |
6,200 |
31.44 |
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Mr. Saranjit Singh Kalra |
2,000 |
10.14 |
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Total |
19,720 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Printed and Diamond Cut Labels, Forged Monograms, Fascia Panels, Heat Sinks, Speaker Grill for Home Appliances and Automotive Industries |
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Products : |
v Perforated Speaker Grill v Plastic Sheets v Printed Labels v Printed & Diamond Cut Labels v Forged Monograms v Fascia Panels v Escutcheon v Membrane Switches v Heat Sinks v Speaker Grill for TV, Audio, Home Appliances and Automotive Industries v Sheet Metal Components |
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Exports to : |
Germany |
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Terms : |
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Selling : |
100%
TT or Irrevocable Letter of Credit at sight basis |
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Purchasing : |
Credit
basis: 30 to 60 days |
GENERAL
INFORMATION
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Customers : |
v LG Electronics India Limited v Philips v Minda Sai Limited v Samsung India Electronics Limited v Panasonic v Onida v Thomson v BPL v Sumi Motherson v Hot Line |
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No. of Employees : |
80 |
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Bankers : |
ICICI
Bank Limited |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory
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Auditors : |
M/s
Sunil Garg & Associates Chartered
Accountants |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
20,000 |
Equity
Shares |
Rs.100.- each |
Rs. 2.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
19,720 |
Equity
Shares |
Rs.100.- each |
Rs. 1.972 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.972 |
1.972 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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5.938 |
2.959 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
7.910 |
4.931 |
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LOAN FUNDS |
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1] Secured Loans |
|
12.824 |
7.121 |
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2] Unsecured Loans |
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3.703 |
3.375 |
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TOTAL BORROWING |
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16.527 |
10.496 |
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DEFERRED TAX LIABILITIES |
|
0.899 |
0.466 |
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TOTAL |
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25.336 |
15.893 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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11.314 |
6.779 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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Sundry Debtors |
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Cash & Bank Balances |
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31.987 |
22.419 |
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Other Current Assets |
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Loans & Advances |
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Total Current Assets |
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31.987 |
22.419 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities & Provisions |
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17.968 |
13.310 |
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Total Current Liabilities |
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17.968 |
13.310 |
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Net Current Assets |
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14.019 |
9.109 |
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MISCELLANEOUS EXPENSES |
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0.003 |
0.005 |
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TOTAL |
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25.336 |
15.893 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover [including other income] |
|
100.000 |
80.000 |
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Profit/(Loss)
Before Tax |
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2.979 |
2.500 |
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Provision
for Taxation |
|
0.000 |
0.000 |
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Profit/(Loss)
After Tax |
|
2.979 |
2.500 |
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Total
Expenditure |
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97.021 |
77.500 |
KEY
RATIOS
|
PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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2.98 |
3.13 |
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Net
Profit Margin (PBT/Sales) |
(%) |
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2.98 |
3.13 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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6.88 |
8.56 |
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Return
on Investment (ROI) (PBT/Networth) |
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37.66 |
50.70 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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2.09 |
2.13 |
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Current
Ratio (Current
Asset/Current Liability) |
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1.78 |
1.68 |
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Quick Ratio |
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1.78 |
1.68 |
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Current Liabilities/Networth |
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2.27 |
2.70 |
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Fixed Asset / Networth |
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1.43 |
1.37 |
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Asset Turnover |
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8.84 |
11.80 |
LOCAL AGENCY
FURTHER INFORMATION
Metalic Impressions (India) Private Limited. is a leading and highly successful enterprise recognized as a manufacturer and exporter of Plastic Sheet Printed Labels like Escutcheon, Fascia Panel, Membrane Switch and Sheet Metal Items for Electronic and Engineering Industries. The company was established in 1998 and has established a strong position in the market under the guidence of Mr. S.P.S. Kalra, Managing director. He is a well known business man having 20 years of experience in the field. They assure their customers of providing them trusted quality, timely delivery and cost effective products by continuous improvement and innovations. They have been certified by International Certification Ltd., ISO 9001:2000 and ISO 14001:2004.
Infrastructure
In the premises of 12,000 sq. ft. area, Metalic Impressions has installed all
the latest manufacturing equipments and machineries at its unit. They possess
the following equipments and departments that facilitates the production
procedures and yields quality products:
v
Fully Equipped
Screen Printing Unit
v
Fully Equipped
Paint & Powder Coating Unit
v
Fully Equipped
cold Forging Unit
v
Fully Equipped
Tool Room & Press shop
v
Fully Equipped R
& D Department
Quality
They are renowned for the high quality and excellent features of their products
in the market due to which they have grabbed various prestigious awards like
Business Partner's Excellence Awards-2004 by LG Electronics. They have also won
Top Vendor 'Z' QI Achievers' Award- 2003, also by LG. The grand success and
recognition is the outcome of their commitment to quality. They are also SQCI
CERTIFIED-2005 by Samsung India electronics ltd, The grand success and
recognition is the outcome of their commitment to quality.
Clientele
They promise to offer only supreme quality products that has awarded us with
the invaluable trust of the clients
Company Profile
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Business Type |
Exporter ,
Manufacturer |
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Primary Competitive
Advantages |
Best Quality,
Competitive Prices, the brand is their precious asset, Pioneer in the field. |
|
Sales Volume |
Rs. 120.000 Millions
(annual) |
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No of Staff |
150 |
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Year of
Establishment |
1998 |
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No of Production
Lines |
1 |
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Export Markets |
Worldwide |
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Investment on
Manufacturing Equipment |
Rs. 25.000 Millions |
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OEM Service Provided |
Yes |
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No of Engineers |
6 |
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No of Designer(s) |
2 |
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Monthly Production
Capacity |
Heat Sink –2.000
Millions; Logo –0.500 Millions, Printed Labels -as per requirement; Speaker
Grill –0.300 Millions. |
|
Product Range |
Printed &
Diamond cut labels, Forged Monogram, Fascia Panels, Escutcheon, Membrane
Switches, Heat Sinks, Speaker Grills. |
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.01 |
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UK
Pound |
1 |
Rs.84.91 |
|
Euro |
1 |
Rs.57.48 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
54 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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